Financial Analyst, COGS

This job posting is anticipated to remain open until March 21st, 2025.

Full-time employees will enjoy a competitive benefits package with options for you and your family including:

The compensation and benefits information is accurate as of the date of this posting. The Company reserves the right to modify this information at any time, with or without notice, subject to applicable law.

Equal Opportunity Employer

BI is one of the leading technology companies in Colorado and the largest provider of innovative electronic monitoring solutions in the United States. We excel at proving technological solutions to over 1,000 agencies nationwide and allowing those agencies to fulfill their missions without worrying about the technical complexities.

Minimum Requirements

• Bachelor's degree in accounting, finance, business or related field required or equivalent experience.
• At least three years of experience in an accounting or finance related position.
• Expert knowledge of MS Excel software, including Vlookups and pivot tables.
• Working knowledge and understanding of Generally Accepted Accounting Principles (GAAP) with the ability to apply to business transactions.
• Analytical ability.
• Attention to detail.
• Effective communication skills with internal and external contacts at all levels.
• Good interpersonal skills.
• Ability to handle multiple tasks simultaneously, prioritize appropriately and meet deadlines.
• Sense of urgency with the ability to respond quickly to internal and external customer requests.
• Ability to work with computers and the necessary software typically used by the department.

BI Incorporated

Summary

Responsible for supporting the finance department analyzing, managing, reporting, and providing insights and recommendations regarding the organization's cost of goods sold. Works closely with manufacturing and supply chain departments ensuring we maximize profitability while optimizing operational efficiency. Cross functional collaboration and ability show how the numbers tell a story to non-finance partners is instrumental.

Primary Duties and Responsibilities

• Lead the budget and guidance process for establishing and maintaining the Cost of Goods Sold, COGS, sections of the income statement.
• Collaborate with Manufacturing, Cost Accounting, Sales, and Supply Chain teams to gather the required information to update all COGS related accounts in both the budget and guidance on an annual and quarterly basis.
• Generate analytics to highlight the difference between new build product cost and service repair product cost by product line.
• Establish standardized reporting package to highlight and explain monthly and quarterly variance with detailed commentary at the account level for all COGS related accounts impacting Gross Margin.
• Prepare detailed COGS reports that break down costs by material, labor, and overhead by product line, as well as absorption percentage for each respective classification.
• Provide insight to fluctuations in absorption with supporting details to substantiate account level variances.
• Establish an Other Cost of Goods Sold, OCOGS, analysis for reporting on expenses such as Tariffs, PPV, Freight, E&O, etc. with detailed commentary explaining variance from budget and guidance.
• Produce product line gross margin trend analysis month over month and quarter over quarter with detailed account level explanations of variances.
• Develop and maintain a total company and product line level dashboard that tracks gross margin performance and key performance indicators, splitting out cost variability from Standard COGS to OCOGS related accounts.
• Identify opportunities for cost reduction and process improvement, within the manufacturing and supply chain arena i.e. leakage, PPV, Incoterms, scrap, shrinkage, etc.
• Conduct regular reviews of inventory levels, production efficiency, and waste management to optimize the impacts to COGS related accounts.
• Performs other ad hoc reporting and analysis as requested.